RBC Capital analyst Nik Modi keeps a Sector Perform rating and $78 price target on General Mills ahead of the company’s Q1 results. Given the company’s Q1 pre-announcement earlier this month, the firm is not expecting “too many surprises”, the analyst tells investors in a research note. RBC maintains the while General Mills should be able to cross the consensus bar, its North America Retail and Pet businesses are facing headwinds, even though its North America Foodservice and the International segments are off to a good start.
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